CA Updates

📊 Definition of “Small Company” – Present vs. Revised

✅ Present Definition (till 30 Nov 2025)
As per Section 2(85) of the Companies Act, 2013 read with Rule 2 of the Companies (Specification of Definition Details) Rules, 2014 (last amended in Sept 2022):

*Paid‑up Capital* : Not exceeding ₹4 crore
*Turnover* : Not exceeding ₹40 crore

🔔 *Revised Definition (effective 1 Dec 2025, via MCA Notification G.S.R. 880(E))*

*Paid‑up Capital* : Not exceeding ₹10 crore
*Turnover* : Not exceeding ₹100 crore

📌 Impact
* Expands coverage of “Small Company” classification.
* More private companies will qualify for simplified compliance, lower penalties, and ease of doing business benefits.

Income Tax Return Form of ITR-2 is enabled to file through Online mode with prefilled data at the portal

ICAI announces CA results date